Saudis, Emirates push nuclear power plans
Riyadh, Saudi Arabia (UPI) Jul 26, 2012
Saudi Arabia is pressing ahead with its ambitious plans to develop
nuclear power to meet rising electricity demand and save oil for export.
But the outlook for other Arab states is less promising because of
political turmoil and a lack of financial resources.
The Saudis have built a foreign assets cushion of around $500 billion
from oil exports. It has used this immense wealth to
Saudi Arabia is pressing ahead with its ambitious plans to develop
nuclear power to meet rising electricity demand and save oil for export.
But the outlook for other Arab states is less promising because of
political turmoil and a lack of financial resources.
The Saudis have built a foreign assets cushion of around $500 billion
from oil exports. It has used this immense wealth to
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